🚀$BTC GETTING READY FOR THE UPSTREAM! 🚀
#bitcoin magnificent... a formidable performance, see that yesterday we were rejected in the $58K region and fell to retest $57K and the current 4H Candle makes it clear that that retest was just to confirm the uptrend.
As I always say: "When price breaks out of an area and retests itself, that's the real, strong price."
We made a nice jump here from $57,200 and it was exactly what we needed, a close of this current candle above $58,000 already puts us towards the exit of this green band on the chart, and that's what I expect!
Today's economic data didn't interfere with our uptrend, this shows that we are moving up with conviction. However, we'll still have more data to come in the next few hours, so I'll be keeping an eye out. There is not much to say here, BULLS want it higher and will take it higher, whoever is still SHORT, re-evaluate your positions. The next 2 hours will be crucial for the HIGHS and the BEARS, close above $58,000 and we will attack $60,000 before the weekend. The big PERP buyers continue to help the spot buyers with the price, and if we can hold this support for the next few hours, we will see several big sell orders get out of the way and clear the way for the bulls to attack the price.
The big SELLERS (the majority) are positioned at $65K, but there are some orders below $60K, and we will have spot sellers trading there as well, but with a strong candle breaking $58K, spot sellers will not come into play.
I remain BULLISH!
We will soon hit $60K!
